Australian-American media mogul Rupert Murdoch, chairman and CEO of global media holding company News Corporation, is expected to lose the $100 million he invested in beleaguered blood testing group Theranos.

Murdoch, who purchased his stake when Theranos’ valuation was at the $9 billion mark, is likely to notice the irony after his own financial paper, The Wall Street Journal, played an instrumental role in questioning the reliability of its blood testing device.

Malacalza Investimenti, the Italian holding company headed by entrepreneur Vittorio Malacalza, has this week agreed to buy a 10.5% stake in troubled lender Banca Carige for €66.2 million ($73.6 million).

The deal makes Malacalza Investimenti the largest investor in Banca Carige, which recently failed a health check of lenders across the Eurozone and needs to raise €700 million in order to plug a capital shortfall.

The family behind Benetton looks all set to take full control of the fashion group, but the same cannot be said for Indian manufacturing firm Escorts Group – reports that the controlling Nanda family is increasing its stake in the business are “completely false”.

The family behind Benetton looks all set to take full control of the fashion group, but the same cannot be said for Indian manufacturing firm Escorts Group – reports that the controlling Nanda family is increasing its stake in the business are “completely false”.

According to a spokesman for the Indian family business, a merger of the group’s subsidiary companies “is happening”, but the “Nanda family is not upping its stake”.